Polygon (MATIC): Reversal or more downside?
MATIC is forming a descending triangle—most likely a bearish continuation.
Wait for the breakout to be confirmed either above the upper line (reversal—long) or below the support line (breakdown—short) before entering this trade.
Any thoughts, please share with us!
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Cheers.
Wait for the breakout to be confirmed either above the upper line (reversal—long) or below the support line (breakdown—short) before entering this trade.
Any thoughts, please share with us!
-If you agree with this, like and share.
Cheers.
Bình luận:
Instead of a descending triangle, MATIC is forming a bearish pennant.
Bình luận:
Matic just broke out of the "descending" triangle. Price has broken the prior highs at $1.112. Wait for the pullback to see if price will be resisted or supported before taking a reversal trade. Reversal could take us back to $1.35, so absolutely worth keeping an eye on!
Giao dịch đang hoạt động
Đóng lệnh: đạt mục tiêu:
Target of $1.35 has been reached.
